Italian union cuts annual production forecasts for Stellantis (STLA)

Bank of America raises estimates on Stellantis (STLA) despite limited impact of UAW strike

Bank of America reiterated a Buy rating on Stellantis (NYSE: STLA) and raised their 12-month price target on the automotive stock to $23.00 (From $20.00) ahead of the companys 3Q report. Stellantis will report their 3Q sales results on October 31st.

The focus for Q4 and the 2024 outlook is expected to be on the order book,... More

UAW escalates strike with surprise walkout at Ford (F) Kentucky plant

The United Auto Workers (UAW) union began a surprise strike against Ford Motor, specifically targeting the automaker's most profitable SUV and pickup truck production facility in Kentucky.

This unexpected strike started at 6:30 p.m. Eastern Time on Wednesday, disrupting operations at Ford's Kentucky Truck Plant. This facility is responsible for manufacturing Ford Super Duty pickups, along with the Ford Expedition and Lincoln Navigator SUVs. The workforce at this plant comprises 8,700 UAW members.

The strike raises places additional... More

Stellantis (STLA) and Samsung will build a 2nd joint EV battery plant in Indiana

Stellantis (NYSE: STLA) and South Korea's Samsung SDI Co Ltd revealed on Wednesday the two companies their plans to establish a second electric vehicle battery facility in Kokomo, Indiana, which happens to be the hometown of United Auto Workers President Shawn Fain.

The union leader is presently engaged in a dispute with the Detroit Three automakers regarding union representation in new battery plant establishments.

Stellantis and SDIs... More

General Motors (GM) reaches tentative agreement with Canadian union to end strike

General Motors (NYSE: GM) and the Canadian labor union Unifor have reached a preliminary agreement on Tuesday, just hours after union employees initiated a strike at three GM facilities.

The union revealed that this preliminary agreement aligns with the prior agreement Unifor had established with Ford Motor (NYSE:... More

Stellantis NV (STLA:IM) (STLA) PT Raised to EUR38 at Deutsche Bank

Deutsche Bank analyst Tim Rokossa raised the price target on Stellantis NV (STLA:IM) (NYSE: STLA) to EUR38.00 (from EUR34.00) while maintaining a Buy rating.... More

Stellantis NV (STLA:FP) (STLA) PT Raised to EUR20.50 at UBS

UBS analyst Patrick Hummel raised the price target on Stellantis NV (STLA:FP) (NYSE: STLA) to EUR20.50 (from EUR19.00) while maintaining a Buy rating.... More

Stellantis (STLA) to introduce new commercial vehicles and strategy

Stellantis (NYSE: STLA) revealed Monday morning that the automaker plans to introduce reimagined Commercial Vehicles from multiple brands on Monday, October 23, at 3 p.m. CEST / 9 a.m. EDT.

Jean-Philippe Imparato, who leads the Commercial Vehicles Business Unit, and Xavier Peugeot, the Senior Vice... More

Stellantis NV (STLA) PT Lowered to $24.38 at Jefferies

Jefferies analyst Philippe Houchois lowered the price target on Stellantis NV (NYSE: STLA) to $24.38 (from $25.30) while maintaining a Buy rating.... More